NRRP in implementation phase, spending to increase - Fitto

(ANSA) - ROME, FEB 22 - The fact that Italy's EU-funded post-Covid national recovery and resilience plan (NRRP) is now in full swing will have a positive impact on spending, European Affairs Minister Raffaele Fitto said on Thursday.
    "We have passed the phase of planning and tenders and are in fact in the implementation phase of all interventions," Fitto told reporters.
    "This is a significant element that will have a very positive impact on the overall spending figures," he added.
    His comments came after a draft of the half-yearly implementation report made public on Thursday said Italy had spent in total 45.65 billion euros of allocated funding.
    Italy's revised NRRP to make the economy greener, more modern and less dependent on Russian fossil fuels is worth a total of 194.4 billion euro, of which 122.6 billion euro in loans and 71.8 billion euro in grants.
    Late last year the country received the fourth installment of payment worth 16.5 billion euro, taking to around 90 billion euro the total amount paid out so far by Brussels. (ANSA).